Brokerages Set National Bank of Canada (TSE:NA) PT at C$108.00

Shares of National Bank of Canada (TSE:NA) have been assigned an average recommendation of “Hold” from the thirteen brokerages that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$108.00.

Several analysts have recently weighed in on NA shares. TD Securities increased their price target on shares of National Bank of Canada from C$100.00 to C$110.00 and gave the company a “hold” rating in a research note on Thursday, February 29th. BMO Capital Markets increased their price target on shares of National Bank of Canada from C$109.00 to C$121.00 in a research note on Friday, April 5th. Veritas Investment Research reissued a “reduce” rating on shares of National Bank of Canada in a research note on Thursday, February 29th. CIBC dropped their price target on shares of National Bank of Canada from C$110.00 to C$109.00 and set an “outperform” rating for the company in a research note on Friday, March 8th. Finally, Canaccord Genuity Group increased their price target on shares of National Bank of Canada from C$107.00 to C$108.00 and gave the company a “hold” rating in a research note on Thursday, February 29th.

National Bank of Canada Trading Down 0.9 %

Shares of TSE NA opened at C$110.54 on Wednesday. National Bank of Canada has a 12-month low of C$84.27 and a 12-month high of C$115.14. The stock has a market cap of C$37.49 billion, a PE ratio of 11.64, a P/E/G ratio of 17.04 and a beta of 1.11. The company has a 50-day moving average of C$110.59 and a 200 day moving average of C$100.99.

National Bank of Canada (TSE:NA) last announced its quarterly earnings data on Wednesday, February 28th. The financial services provider reported C$2.59 earnings per share (EPS) for the quarter, beating the consensus estimate of C$2.38 by C$0.21. National Bank of Canada had a net margin of 34.22% and a return on equity of 14.73%. The company had revenue of C$2.71 billion during the quarter, compared to analysts’ expectations of C$2.72 billion. On average, sell-side analysts forecast that National Bank of Canada will post 9.8532751 EPS for the current fiscal year.

National Bank of Canada Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, March 25th will be given a dividend of $1.06 per share. The ex-dividend date of this dividend is Friday, March 22nd. This represents a $4.24 dividend on an annualized basis and a dividend yield of 3.84%. National Bank of Canada’s payout ratio is currently 44.63%.

Insider Buying and Selling

In other National Bank of Canada news, Director Yvon Charest bought 331 shares of National Bank of Canada stock in a transaction on Tuesday, February 20th. The shares were bought at an average cost of C$103.19 per share, for a total transaction of C$34,155.89. 0.20% of the stock is currently owned by corporate insiders.

About National Bank of Canada

National Bank of Canada provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. The Personal and Commercial segment offers personal banking services, including transaction solutions, mortgage loans and home equity lines of credit, consumer loans, payment solutions, and savings and investment solutions; various insurance products; and commercial banking services, such as credit, and deposit, investment solutions, international trade, foreign exchange transactions, payroll, cash management, insurance, electronic transactions, and complimentary services.